Carlisle Events may be IAC buyer

From the Sentinel:

Ever since the doors closed in December 2008, there has been a lot of speculation over who might look to acquire and redevelop the former Masland carpet plant in Carlisle.

The property’s listing agent on Thursday said the defunct 48-acre plant on Spring Road, currently owned by International Automotive Components, is now under a sales agreement to be sold. Closing on that proposed deal has been pegged between mid-October and mid-November, according to CB Richard Ellis and a spokesman for IAC.

A sale price has not been disclosed.

The name of the buyer has also not been released, though Carlisle Events has been one organization that has circulated to the top of the rumor mill.

With administrative offices just down the road at the Carlisle Fairgrounds and the IAC lot a regular parking asset for its annual car shows, Carlisle Events seems to be a likely suitor for the industrial property.

Over the years, the company has been aggressive at developing business opportunities around the fairgrounds to ensure there is ample parking for its popular slate of car shows – the current Fall Carlisle show, the last of the season, its biggest event of the year.

In 2002, the company purchased the former Piezo Crystal plant property at North West and K streets and named it the Carlisle Expo Center. Included are a six-acre site, 30,000-square-foot building and more than 300 parking spaces.

Read full article here